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Wilmington Capital Management Inc., a Canadian investment and asset-management company whose real estate investments include self-storage facilities, reported a net loss for the quarter ended March 31 of $281,000 compared to a net loss of $191,000 for the same period in 2014. The loss equated to $0.03 per share during the quarter compared to a loss of $0.02 per share last year.

May 15, 2015

Wilmington Capital Management Inc., a Canadian investment and asset-management company whose real estate investments include self-storage facilities, reported a net loss for the quarter ended March 31 of $281,000 compared to a net loss of $191,000 for the same period in 2014. The loss equated to $0.03 per share during the quarter compared to a loss of $0.02 per share last year.

Overall, the trust continued to show year-over-year improvement in occupancy, operating margins and rents, company officials said in a press release. Funds from operations was $386,000, a 64 percent increase from the same period last year. Same-store occupancy averaged 83 percent compared to 82 percent for the first quarter in 2014. Same-store operating margins for the quarter improved to 56 percent compared to 52 percent last year. The trust issued a quarterly distribution of $236,000, equal to 4 percent per annum on invested capital.